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Business, 21.11.2021 23:00 liljumpmanj

You invested $5000 eight years ago, and you want to determine the value of the investment now, at the end of year 8. During the past eight years, the nominal interest rate has fluctuated as follows: Year Nominal Interest Rate (% p. a.) 1 4 2 5 3 7 4 8 5 6 6 4 7 5 8 4 If your investment is compounded daily, how much is it worth today

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